startups

9 visionary predictions tech execs like Jeff Bezos and Steve Jobs made before 2000 that came true – Business Insider


Prediction (1996): “Take auto dealerships. So much money is spent on inventory — billions and billions of dollars. Inventory is not a good thing. Inventory ties up a ton of cash, it’s open to vandalism, it becomes obsolete. It takes a tremendous amount of time to manage. And, usually, the car you want, in the color you want, isn’t there anyway, so they’ve got to horse-trade around. Wouldn’t it be nice to get rid of all that inventory? Just have one white car to drive and maybe a laserdisc so you can look at the other colors. Then you order your car and you get it in a week,” Jobs said to Wired.

Today: Tesla opened its first showroom in 2008 in Los Angeles, and its stores famously have very few cars on-site. Buyers can order their custom vehicle with a salesperson or online.

Sources: Business Insider, Wired



READ SOURCE

READ  Tariffs are a death wish on American start-ups

Leave a Reply